Correction re Treasury Stock and Share Incentiv...

Corrected version of the announcement released on 25 February 2014 at 16:00 is
now attached. Issued share capital corrected which affected % holdings of J A
Heller, M A Heller, & Heller family previously released.

London & Associated Properties PLC ("the Company")

On 25 February 2014 the Company issued 391,503 shares from Treasury to cover
bonuses and issues under the Company's HMRC approved Share Incentive Plan (SIP)
to directors and staff at 58.25 pence per share.

Directors and PDMR's receiving shares and directors' new beneficial holding
totals are as follows-

                        ADDITIONAL      NEW TOTAL         % OF ISSUED      
                         SHARES          HOLDING            SHARES
Directors-     

R J Corry               11,896          1,040,344           1.23%

J A Heller             171,674          1,845,255           2.18%

M A Heller              85,837          6,452,339           7.62%

PDMR's-

Members of staff       122,096

TOTAL                  391,503 shares

Following this issue of Treasury shares M A Heller and his family had an
interest in 47,945,473 shares in the company representing 56.62% of the issued
share capital net of Treasury shares.

The Company now holds 863,235 shares in Treasury. For reporting purposes under
section 198 of the Companies Act 1985 the market should exclude any shares held
in Treasury and use an issued share capital figure of 84,679,476 shares.

For further information, please contact:

Heather Curtis

Company Secretary

London & Associated Properties PLC Tel: [phone]